Cleveland, OH – January 6, 2014 – Accurate Group, a leading appraisal management and compliance company, today announced it has released a new version of its industry-leading appraisal management software platform and rebranded the new platform as Accurate Archer.™ Accurate Group made a significant investment to enhance the technology, transforming it into dynamic, rules-based client portal, vendor management and compliance software platform.
As a cloud-based platform, Accurate Archer drives the core of Accurate Group’s technology service business model. The platform manages 25,000 third party vendors, streamlines workflows and efficiently delivers data to clients through scalable, secure system integrations. Accurate Archer is now also fully integrated with the Accurate ValueNet™ suite of products following Accurate Group’s acquisition of the ValueNet business in August 2013. Accurate Group expects to continue to actively integrate Accurate Archer™ with additional partners and clients throughout 2014.
Accurate Archer includes significant technology and functionality enhancements designed to accelerate Accurate Group’s service and reduce expense for its bank and mortgage clients. Updates include:
- Support for compliance-in-a-box managed services to major lenders
- Dynamic vendor and client facing web portals that automate supply chain management
- Client integrations with the major transaction routers, directly to major lenders, and integrations to commercial LOS providers
- Vendor integrations to critical valuation, title, closing and recording data and service providers to promote dynamic data exchange
- Integrated, dynamic business rules to allow customization and automation to the entire supply chain process
- High performance, high volume title report production
- Industry leading valuation cascades that enable compliance and cost savings
- Support of the MISMO 2.6 GSE and automated valuation compliance review tools
In addition, Accurate Group completed a transaction with Y-Waite Solutions, LLC (“Y-Waite”) to acquire the remaining technology, intellectual property rights and assets from the original developer of the system. Since 2010, Accurate has employed Y-Waite’s chief architect, Dwayne Waite, as its application development manager and has grown its technology development team under the leadership of its CIO, Mike Cullen. This expanded development team allows Accurate Group to set rapid timelines for new development priorities while also providing a scalable, compliant platform.
“The Accurate Group is ideally positioned after 4 years of continual enhancement to the original Magellan platform to launch Archer,” said Mike Cullen, CIO of Accurate Group. “Remaining nimble is increasingly rare in today’s financial services IT and business environment and it is appreciated by our clients. I have developed many systems in the title and valuation space over the last 20 years and this is the most rewarding that I have been a part of.”
Accurate Archer™ will allow Accurate to continue to set a new standard of service and compliance for its bank and mortgage clients along with new partners in the appraisal, valuation and title industries. The technology, combined with great service, will ensure Accurate Group’s continued growth in market share across mortgage, home equity, default and purchase real estate markets.
Contacts
Accurate Group Holdings, Inc.
Correne Jackman, 216-672-3620
cjackman@accurategroup.com